An Investment is expected to result in equal payments of $7530.00 at the end of each...
An Investment is expected to result in equal payments of $7530.00 at the end of each month for the next 5 years (ordinary annuity).
Compounding: 12 times per year.
If the appropriate required rate of return (discount rate) is 7%, what is the present value of the annuity stream?
(Answer to the nearest cent. i.e. one thousand dollars would be entered 1000.00)
Please show the formula and not use excel.
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An Investment is expected to result in equal payments of
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payments of R when the interest rate per period is
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